Trump brought in more than $1.4 billion from crypto ventures linked to his family during 2025, but his latest wealth report shows a far bigger sum parked in stocks and bonds.

While Trump, Donald Trump Jr., and Eric Trump promoted digital asset projects to investors, many retail buyers later took painful losses.

Meanwhile, the president’s money managers placed a large part of his growing fortune in markets that are usually less volatile than crypto.

The report filed with the U.S. Office of Government Ethics lists income from World Liberty Financial and the Trump meme coin. It also puts Trump’s stock and bond portfolio between $703 million and $2.6 billion at the end of 2025. At the end of 2024, that same group of assets stood between $225 million and $608 million. The lower end alone more than tripled, while the overall portfolio grew at least fourfold during the year.

Trump grew his Wall Street portfolio while keeping billions of crypto tokens

Federal disclosure forms use broad value bands, not precise totals. That makes it impossible to trace each dollar from a token sale or crypto payment into one named stock, bond, or fund. The comparison covered two years of disclosures, including assets held directly and interests managed through Trump-linked companies. It did not identify any exact transfer from a crypto payment into a specific stock or bond.

Nine digital asset experts reviewed the filings and the changes across both years. Their reading was simple: Trump still owns plenty of crypto, but he does not seem to use it as the main place to store his personal wealth. His largest reported increase was tied to conventional investments, even as his family earned huge sums from token businesses.

Trump also reported no share purchases in the two publicly traded crypto companies backed by Eric and Donald Jr. The records reviewed did not identify those firms. His filing did, however, show a much larger total exposure to digital currencies through tokens and company holdings.

At the end of 2025, Trump owned 15.75 billion World Liberty governance tokens valued at more than $50 million. He received them for his role in the company, which he founded with his sons. His allocation comes with a longer vesting period than the schedule offered to regular buyers, so he cannot sell those personal tokens as quickly as the wider public.

Businesses handling Trump’s stake in World Liberty Financial and the Trump meme coin held at least $160 million in Bitcoin and Ether by year-end. They also owned up to $6 million in other tokens. That was far above the $1 million to $5 million in Ether listed in his 2024 filing. Those figures cover his personal accounts and entities that manage his business interests, so the crypto exposure includes both direct tokens and assets held through Trump companies listed in the filing.

Senate Democrats press Republican committees to examine foreign crypto investors

On Friday, five senior members of the Democratic Party called for hearings after the 2025 report from Trump was released on June 30. The Senators have requested that the committees headed by Republicans consider the national security risks that may arise due to foreign investments in the family’s crypto activities.

The request came from Elizabeth Warren of Massachusetts, Richard Blumenthal of Connecticut, Gary Peters of Michigan, Dick Durbin of Illinois, and Ron Wyden of Oregon.

“The disclosures heighten concerns about the President pushing Congress to pass crypto legislation in favor of the very industry he’s cashing in on, the Administration’s moves to exempt cryptocurrencies and service providers from existing financial services regulations, and its steps to weaken enforcement, including by disbanding the Department of Justice’s National Cryptocurrency Enforcement Team,” the senators said in a statement.

In their letter, the lawmakers wrote that the family’s crypto ventures generated “the vast majority of his income” and placed Trump’s earnings from those businesses at roughly $1.4 billion during the first year of his second term.

Their questions centered on World Liberty Financial, which produced hundreds of millions of dollars for Trump. The senators cited reports that an organization linked to Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates’ national security adviser, bought a 49% interest in the company.

Trump’s disclosure also referred to unidentified “Third Parties” without naming them. “We call on our respective Committees to hold hearings to investigate the national security implications of President Trump’s cryptocurrency holdings, including the influence of the UAE or unknown third parties on President Trump’s actions,” said the senators.

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